California Law (Last Updated: March 4, 2014) |
Streets and Highways Code - SHC |
Division 16. HIGHWAY DISTRICTS |
Part 3. BRIDGE AND HIGHWAY DISTRICTS |
Chapter 13. Issuance of District Bonds and Disposition of Surplus Proceeds |
Section 27241.
Latest version.
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If the estimated amount of bonds required to pay the estimated cost and interest exceeds the total amount of bonds theretofore authorized, the board may submit to the electors of the district the proposition of authorizing additional bonds for the purpose of meeting the estimate. No error or informality in any estimate shall invalidate any bonds of the distirct.
(Added by Stats. 1943, Ch. 286.)